Shareholders' Agreements · glossary
The company's own list of who holds its shares. A buyer becomes a member only when it is entered there. Every percentage in the agreement counts the 100,000 shares on the register, because no option or convertible exists. Clause 1.2(c) · Clause 3.1 · Article 12 · Chapter 2
Explained in Chapter 2, Shares, Classes and the Register, of Shareholders' Agreements.
Also explained in Legal Due Diligence and Venture Deals.
The last sentence settles the count. Thornbury has nothing that could become a share, so there is one basis: the 100,000 shares in the register of members. Clause 1.2(c) adds that the agreement "uses no other basis".Read Chapter 2, Shares, Classes and the Register →
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